Alphabet Inc. $GOOGL Shares Purchased by Parr Mcknight Wealth Management Group LLC

Posted by Stanley Muller on Jul 23rd, 2026

Parr Mcknight Wealth Management Group LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,376 shares of the information services provider’s stock after purchasing an additional 1,566 shares during the quarter. Alphabet comprises about 1.5% of Parr Mcknight Wealth Management Group LLC’s investment portfolio, making the stock its 12th biggest position. Parr Mcknight Wealth Management Group LLC’s holdings in Alphabet were worth $11,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. EMC Capital Management acquired a new position in Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the fourth quarter valued at approximately $32,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $52,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.5%

Shares of Alphabet stock opened at $342.09 on Thursday. The business has a 50-day moving average price of $366.14 and a 200 day moving average price of $338.86. Alphabet Inc. has a fifty-two week low of $187.82 and a fifty-two week high of $408.61. The firm has a market cap of $4.14 trillion, a P/E ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.24. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $6.47. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, sell-side analysts forecast that Alphabet Inc. will post 14.34 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet beat Q2 earnings and revenue estimates by a wide margin, signaling strong underlying business momentum. Alphabet (GOOGL) Beats Q2 Earnings and Revenue Estimates
Positive Sentiment: Google Cloud’s 82% growth suggests Alphabet’s AI spending is translating into faster cloud demand and improving monetization. Google quarterly cloud revenue growth beats expectations
Positive Sentiment: YouTube ad revenue growth and strength across search and advertising add evidence that core businesses are still healthy. YouTube Ad Revenue Rises 13% In Q2 To Surpass $11 Billion, Helping To Drive Strong Report By Parent Alphabet

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock valued at $7,672,279 over the last quarter. Insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, May 29th. Wedbush reissued an “outperform” rating on shares of Alphabet in a research report on Thursday, July 16th. Arete Research raised their target price on Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, May 18th. CICC Research lifted their target price on Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Loop Capital boosted their price target on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $414.54.

Read Our Latest Research Report on Alphabet

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.